2 months ago

Govt announces multiple schemes for Bharat; allocation inadequate to match inflationary pressure

The FY26 budget announced a long thread of schemes for rural India, including a comprehensive multi-sectoral rural prosperity and resilience programme, grameen credit score and broadband connectivity for all government secondary schools and primary health centres. Sitharaman also said India Post with 150,000 rural post offices, complemented by the India Post Payment Bank and a vast network of 240,000 Dak Sevaks, will be repositioned as a large “public logistics organization”. Chauhan, when asked about the period of implementation of the prosperity and resilience program, said, “We are targeting to get all necessary clearance from the Cabinet by 31 March so that we can work on these actively from the beginning of FY26.” New water deadline Sitharaman also mentioned a new deadline for providing all household in rural India with a functional tap connection. A comprehensive package of decentralised services and hubs, tailored financial products and services such as collateral-free, microfinance, access to networks, mentoring business skills & technology, markets and so on, all integrated with the various women collectives or institutions could be key to the success of this initiative,” said Neeraja Nitin Kudrimoti, associate director at Transform Rural India, lead of Community Action Labs.

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